Trade
Deal or no deal?
During Theresa May’s visit to Ottawa earlier this week, the British prime minister said she was confident that the UK would be able to make a “swift transition” after Brexit to a new trading relationship with Canada, based on the country’s landmark free-trade deal with the EU, known as Ceta. That deal provisionally takes effect tomorrow. But should this comprehensive agreement between Canada and the EU inspire confidence in the UK, where time is running out before it exits the EU? In short: no. Ceta has been in the works for nearly a decade and the accord still needs to be ratified by all national parliaments of EU member states before it is fully in play. While the trade deal may be enviable to the UK, it wasn’t achieved easily – or swiftly. Perhaps there will be further insight into Britain’s aspirations after the PM makes an appearance at the UN General Assembly in New York later today.